Tighter controls

The general approach of the UK Financial Services Authority (FSA) to retail investment funds is predicated on the need to protect investors.

For this reason, regulations governing the marketing of retail funds put major emphasis on potential investors being given a clear picture of the nature of the fund in question ensuring that they fully understand what they are being offered.

Guaranteed and capital protected funds

One aspect of the FSA's policy has been tight control over the naming of regu